Thursday, 31 March 2016

More and more over 55’s downsizing - Sheffield Estate Agents Spencers Report

More and more over 55’s downsizing

‘Millions of homeowners over 55 are banking on raising money from their homes through downsizing to boost income in retirement’ according to a study by Saga.

We have more vendors and purchasers looking for a smaller property for various reasons;
  • Raising cash for their pension
  • Lower running costs and maintenance
  • Raising cash to help their children get on the property ladder
  • Less debt and less risk
  • Empty nesters
There are plenty of advantages in moving to a smaller home, just think of how much more spare time you’ll have with less rooms to clean!

With a smaller property your household bills will be less, you can lower your mortgage payments, or pay it off altogether, even release some cash to go on a holiday of a lifetime.

Another positive in owning a smaller home is it can also stop those boomerang children from returning!

Whether you’re downsizing from a mansion, or a terrace, we can help find you the perfect property at

If you’re thinking of moving, why not call Spencers for a free valuation today on 0114 2683682.

Blog by Senior Negotiator Emily Kirkby 

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